Bachoco sells a portion of shares
by By Meat&Poultry Staff
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CELAYA, Mexico – Mexico's leading producer and processor of poultry and other food products, Industrias Bachoco S.A.B. de C.V., has been notified by the family trust, which has members of the founding family as beneficiaries, that the trust sold a portion of its shares representing 9.5 percent of Bachoco, through the Mexican Stock Exchange at market price.
This transaction means the family trust now holds 21.25 percent of Bachoco.
The control trust, which also contains members of the founding family as beneficiaries, did not participate in this transaction and, thus, it continues to hold 52 percent of the company.